REC Limited has entered into a pact with Damodar Valley Corporation (DVC) as part of which it will provide Rs 4,527.68 crore loan to set up a 1,320 MW project (2×660 MW) at Raghunathpur in West Bengal.
The agreement was signed in the presence of Shri Ram Naresh Singh, Chairman; Shri Arup Sarkar Member (Finance); Dr. John Mathai, Member-Secretary; Shri M. Raghu Ram, Member (Technical); Shri Joydeep Mukherjee, ED (Finance) & Shri Sumit Kumar Das, Sr. GM (Finance) from Damodar Valley Corporation and Shri Pankaj Verma, CPM from REC Ltd.
